How is Property Right Transacted?

Under the current regulations, property rights are rights that can be valued in money, including property rights related to intellectual property objects, land use rights, and other property rights.

According to Article 450 of the Civil Code 2015, the provisions on the sale and purchase of property rights are as follows:

- In cases of sale and purchase of property rights, the seller must transfer documents and complete the procedures for transferring ownership to the buyer, and the buyer must pay the seller.

- In cases where property rights involve debt claims and the seller commits to ensuring the debtor's payment ability, the seller must bear joint liability for payment if the debtor fails to pay when due.

- The time of transfer of ownership regarding property rights is when the buyer receives the documents of ownership for that property right or from the time of registration of the transfer of ownership, if provided by law.

The above is the content explanation regarding the sale and purchase of property rights. You may refer to additional information on this issue in the Civil Code 2015.

Respectfully!